Yes. there is a litingation going on but the management is confident about resolving it soon. They have appointed arbitrar and will soon resolve it.
Posts in category Value Pickr
COSMIC CRF LIMITED – sme (12-09-2023)
No. This shareholding is before IPO.
Post IPO – Promoter shareholding was suppose to be – 72.51%(as mentioned in DRHP)
Dhruv consultancy (DCSL): a feasibility study – a path of stones or a smooth highway? (12-09-2023)
Reduction in promoter holding is both due to preferential allotment and one of the promoter “Prutha Pandurang” selling shares.
As I am writing just want to update here that company has seems to receive 80 crores orders in current Q1 24 quarter.
| Date of filing | Type | Order size (crore) | Contract period (month) |
|---|---|---|---|
| 08 September 2023 | Authority’s Engineer | 10.62 | 138 |
| 07 September 2023 | Independent Engineer Services | 9.9 | 60 |
| 07 September 2023 | Independent Engineer Services | 9 | 60 |
| 30 August 2023 | Authority’s Engineer | 7 | 78 |
| 25 August 2023 | Independent Engineer Services | 6 | 48 |
| 23 August 2023 | DPR | 3.8 | 12 |
| 16 August 2023 | Independent Engineer Services | 9.36 | 48 |
| 31 July 2023 | Independent Engineer Services | 7.38 | 48 |
| 21 July 2023 | Project Supervision Services Agency | 1.2 | 12 |
| 15 July 2023 | Independent Engineer Services | 5.58 | 60 |
| 14 July 2023 | Independent Consultancy Services | 1.4 | 36 |
| 11 July 2023 | Authority’s Engineer | 9.7 | 84 |
| Total | 80.94 |
I am still awaiting response from company on questions I raised.
Thanks,
JP
Edelweiss Financial Services (12-09-2023)
Its already mid September but no sign of listing…Will this be a slowest the demerger in the history of Indian market !!
Piccadily Agro Industries Ltd (12-09-2023)
Does anyone have any idea why this share is down 22% in last 5 days ? Is it profit booking or something else ?
Laxmi Organics – Indian Specialty Chem Candidate (12-09-2023)
If you mean how to follow someone on the VP forum, you can check @basumallick posts on his thread. He has outlined a way to do it since the forum has no direct way to follow.
VijayKiran (VK) Long Term Portfolio Mistakes & Learnings (12-09-2023)
Hi Vishal,
There are plenty of examples from real life but what comes to my mind immediately is from the game of cricket. To illustrate this let us understand two great batsman Dravid and Sehwag. Whom will you prefer first always? To me Dravid is the first choice always because of his consistency across the game format. Sehwag strike rate is brilliant but lacks consistency. He will make anything from 0 to 300 in any match but Dravid can be relied upon to score at least between 30-50 runs in a match. Players like Dravid build the team foundation for long run but then for match winning, pitch hitting performances we need players like Sehwag also. So right mix and appropriate proportion of such players are always preferred in a team. Therefore according to me while constructing the Portfolio of Stocks we should have large percentage of consistent compounding companies and smaller proportion of small, mid, micro cap companies.
Although there are exceptions but statistically if the price/return distribution of stocks is right skewed then most right-skewed distributions have the mean to the right of the median. A right-skewed distribution has a long right tail. And this is what we want and need such stocks in portfolio. Stocks with large variation (e.g. Cyclical stocks) in both sides of its mean values are less reliable and does not give consistent return.
Hope it helps.
VK
Piccadily Agro Industries Ltd (12-09-2023)
(post deleted by author)
Zoom webinar on stage investing (12-09-2023)
I’m interested. Please add me krishnakumarsure@gmail.com
Avanti Feeds (12-09-2023)
Some highlights from Q1 FY24 earnings call
Input cost outlook
The raw material costs are still high. It is expected to be high in Q2 and possibly rest of FY24.
The freight costs have come down, which helps a bit.
Revenue growth prospects
Management commented that the outlook of shrimp culture industry is a bit bleak. The import of brood stock fell by as much as 40% in Dec-Mar 2023. This means that the demand will be severely impacted.
Demand outlook
Previous year demand was dampened due to inflation. China is also suffering from economic woes resulting in drop in demand.
The company is trying to diversify into different market and into value added products. Though the demand is expected to recover, it is still very early to say when it will happen. The management did mention that things are not playing out as what they had predicted earlier.
Margin sustainability and Profitability
The industry is suffering from high cost and an oversupply issue that puts pressure on margins.
CapEx items
The additional shrimp processing facility will be online in Mar 2024. Besides that, they are also investing on fish feed plant to venture into the fish industry which will be in collaboration with Thai Union. However, the capacity utilization will still be low in next 2 years.
Cyclicality
It looks like there will be a bit more downside in FY23. Yet to reach cyclical bottom as the worst is still to come. Nikhilesh mentioned that the shrimp price is probably at lowest point and we might witness some consolidation in next 16 to 24 months. But, the management lacks confidence in foreseeing any improvements in FY24.
Meanwhile, the company has invested on capex, which would provide it enough flexibility in capitalising recovery when the cycle turns.
Outlook
The company for sure will be under continuing tremendous pressure in FY24. However, they have enough gun powder to navigate this cycle and are still profitable.
Some core hypothesis
- Input cost would gradually decrease going ahead
- Demand will start to pick up from Christmas season.
- Shrimp price will increase slowly as we are probably at lowest point (Q3 onwards)
- CapEx would help to slingshot during cyclical recovery from FY25 onwards
Disc: Invested and having a SIP to accumulate